
Dominican Republic: Taxes on goods and services
* indicates monthly or quarterly data series
| Dominican Republic |
Taxes on goods and services, percent of total revenue |
|---|---|
| Latest value | 47.92 |
| Year | 2024 |
| Measure | percent |
| Data availability | 1972 - 2024 |
| Average | 37.46 |
| Min - Max | 16.15 - 57.82 |
| Source | The World Bank |
The latest value from 2024 is 47.92 percent, a decline from 49.09 percent in 2023. In comparison, the world average is 31.34 percent, based on data from 89 countries. Historically, the average for Dominican Republic from 1972 to 2024 is 37.46 percent. The minimum value, 16.15 percent, was reached in 1975 while the maximum of 57.82 percent was recorded in 2008.
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* indicates monthly or quarterly data series
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Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 11.51 | 2024 | percent |
| Government spending, in dollars | 14.86 | 2025 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -3.09 | 2024 | percent |
| Primary budget balance | 0.30 | 2024 | percent |
| Government expenditure | 202.40 | Q1/2026 | billion |
| Tax revenue | 14.70 | 2024 | percent |
| Commercial tax rate | 48.80 | 2019 | percent |
| Tax preparation time | 317 | 2019 | hours |
| Taxes on goods and services | 47.92 | 2024 | percent |
| Taxes on international trade | 5.46 | 2024 | percent |
| Income and profits taxes | 29.34 | 2024 | percent |
| Foreign aid | 663.40 | 2023 | million U.S. dollars |
| Government debt | 58.79 | 2024 | percent |
| Government debt in foreign currency, percent | 69.59 | 2024 | percent |
| Government debt held by non-residents | 73.67 | 2024 | percent |
| Sovereign debt average maturity | 8.00 | 2024 | percent |
| Short-term government debt | 4.75 | 2024 | percent |